Digital Textile Printing Market
According to a Future Market Insights report, the global digital textile printing market will grow at a staggering 16.3% CAGR over 2022-2029. This market growth is driven largely by the growing penetration of the printing sector into developing markets like China, Mexico, India, and the technological advancements that took place over time.
Digital Textile Printing Market is expected exceed US$ 8 Bn in 2029. The market is likely to grow moderately at 16.3%CAGR over the assessment period.
Potential Impact of COVID-19
FMI believes that the COVID-19 Pandemic will have a significant impact on the printing sector. This is because industry players are likely to fail to meet their financial goals due to severe supply chain disruptions, which may be caused by lower customer demand. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.
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The pandemic also has implications for digitally transforming workplaces to better serve end-users and flourish over the next years. The FMI study suggests that this crisis may provide fertile ground to transform the digital textile printing industry.
Manufacturers are making steady progress in digital textile printing technology. As a result, flexography and other lithographic printers are gradually moving to digital printing.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. Manufacturers will have lucrative opportunities in the U.S.A. and Canada as digital textile printing solutions are in high demand.
Study of the Digital Textile Printing Market: Key Takeaways
The demand for direct-to-fabric (DTF), in the global digital textile printing market is unmatched. It is expected to grow at a remarkable CAGR of 17.5% over the forecast period.
Digital textile printing has a higher set-up cost than traditional printing technologies. Small volume printing can be expensive because of this. Due to the high volume of orders, which are often for shorter runs, it is necessary to arrange multiple jobs and regularly change plates.
Digital printers are looking for more precise methods to determine the type of equipment and print run lengths. Print service providers are primarily focused on automating their printing processes, as has been shown.
Market growth is predicted to be phenomenal in North America and East Asia, which will witness remarkable growth in the global digital printing market.
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Designers have more options because of the growing interest in digital textile printing.
Unique and eye-catchy designs used to be reserved for haute fashion clothing that was displayed on top fashion week stages around the world. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.
These unique pieces of clothing can be made by digital textile printing. Big high-fashion brands have successfully responded to these demands. This is an opportunity for digital textile designers to capitalize on this demand for uniqueness.
Designers may not be able to create high-quality designs using traditional printing methods. Digital textile printing allows designers to expand their creativity and give them the tools to create futuristic designs.
Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers require reliable, efficient, low-cost products. The steady market growth in digital textile printing is being supported by a healthy sign and display demand. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. Due to an increasing number of digital textile printing jobs, including short-runs for events, team uniforms and corporate clothing, the goal is to increase sales.
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